Colliers International Declares Semi-Annual Dividend on Common Shares
December 10 2020 - 2:00PM
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI)
("
Colliers") announced today that its board of
directors has declared a semi-annual cash dividend on the
outstanding Subordinate Voting Shares and Multiple Voting Shares
(together, the "
Common Shares") of Colliers of
US$0.05 per Common Share. This dividend is in accordance with the
dividend policy of Colliers. The dividend is payable on January 14,
2021 to holders of Common Shares of record at the close of business
on December 31, 2020. The dividend is an "eligible dividend" for
Canadian income tax purposes.
About Colliers
InternationalColliers International (NASDAQ, TSX: CIGI) is
a leading diversified professional services and investment
management company. With operations in 68 countries, our more than
15,000 enterprising professionals work collaboratively to provide
expert advice to maximize the value of property for real estate
occupiers, owners and investors. For more than 25 years, our
experienced leadership, owning approximately 40% of our equity, has
delivered compound annual investment returns of almost 20% for
shareholders. In 2019, corporate revenues were more than $3.0
billion ($3.5 billion including affiliates), with $33 billion of
assets under management in our investment management segment.
Learn more about how we accelerate success at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
Forward-looking
StatementsCertain information included in this news
release is forward-looking, within the meaning of applicable
securities laws. Much of this information can be identified by
words such as “believe”, “expects”, “expected”, “will”, “intends”,
“projects”, “anticipates”, “estimates”, “continues” or similar
expressions suggesting future outcomes or events. Colliers believes
the expectations reflected in such forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon.
Forward-looking statements are based on current
information and expectations that involve a number of risks and
uncertainties, which could cause actual results or events to differ
materially from those anticipated. These risks include, but are not
limited to, risks associated with: (i) general economic and
business conditions, which will, among other things, impact demand
for Colliers’ services and the cost of providing services; (ii) the
ability of Colliers to implement its business strategy, including
Colliers’ ability to identify and acquire suitable acquisition
candidates on acceptable terms and successfully integrate newly
acquired businesses with its existing businesses; (iii) changes in
or the failure to comply with government regulations; and (iv) such
factors as are identified in the Annual Information Form of
Colliers for the year ended December 31, 2019 under the heading
“Risk Factors” (which factors are adopted herein and a copy of
which can be obtained at www.sedar.com). Forward looking statements
contained in this news release are made as of the date hereof and
are subject to change. All forward-looking statements in this news
release are qualified by these cautionary statements. Except as
required by applicable law, Colliers undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
COLLIERS CONTACTS:
Jay S. HennickChairman
and CEO
Christian MayerCFO
(416) 960-9500
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